PFC-REC Meger: The recently announced merger of Power Finance Corporation (PFC) and REC Ltd is fueling hopes that power sector linked financing will get a major boost in the world’s fastest growing economy. The restructuring of these two companies mentioned as part of Nirmala Sitharaman’s ninth-consecutive union budget speech has money managers looking at two…
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Merger Involving $61 Billion of Debt to Help India Credit Market Bloomberg.com Read the original article here
Bloomberg (Bloomberg) — A recently announced merger of Indian lenders to the power sector is fueling hope that financing will get a boost for energy and other key drivers of the world’s fastest growing major economy. The Indian government announced that it will combine state-owned Power Finance Corp. and unit REC Ltd. As money managers…
Student loan John thought his student debt situation was settled years ago. But more than a decade after graduating, he’s being told the agreement he built his life around no longer applies. The 34-year-old recently shared his story on The Ramsey Show, where host Dave Ramsey didn’t mince words. “Your mom’s definitely out of control,…
If Keir Starmer wants to win back disillusioned voters deserting his party for the Liberal Democrats or the Greens, he could do worse than rediscover Labour’s longstanding moral commitment to international development. Since cutting the overseas aid budget to fund higher defence spending – losing the excellent Anneliese Dodds in the process – Labour has…
President Netumbo Nandi-Ndaitwah calls for countries to ensure they get adequate resources for development. Namibia attended the G20 last November as a guest at the invitation of South African president Cyril Ramaphosa, as South Africa was the host country. Speaking during the review of reports on the Africa G20 summit on Saturday in Addis Ababa,…
The International Monetary Fund has issued an unprecedented warning that the federal government may need to bail out heavily indebted states and territories such as Victoria and the Northern Territory, as it called on Treasurer Jim Chalmers to press the states to rein in spending and overhaul property taxes. In its annual health check-up of…
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A total of 49 members of staff are under collective consultation in Birmingham and Cardiff StepChange has an office in Somerset House on Temple Street in Birmingham city centre(Image: Google) A debt advice charity based in Birmingham which helps the ‘most vulnerable’ is proposing to close its office. StepChange has confirmed it plans to shut…